Latest News

Back to Latest News back

 

AEG partners with CJ Group to advance new Seoul Metropolitan Arena

AEG partners with CJ Group to advance new Seoul Metropolitan Arena
June 13, 2019

AEG plans to develop a new entertainment complex in the South Korean capital of Seoul have moved forward with the signing of an agreement with CJ Group, the country’s largest media conglomerate.

The deal, with CJ Group subsidiary CJ LiveCity Corporation, will see the creation of CJ LiveCity in Seoul’s Goyang City, comprising the 20,000-capacity Seoul Metropolitan Arena, a recording studio complex, a K-pop/Korean culture-themed entertainment district and a waterfront park.

Centrally located between five of Korea’s largest cities, AEG projects the new venue will attract more than 20 million visitors annually. It will, say the partners, become the country’s “largest and most advanced live performance venue for K-pop, international artist tours, sports events and Hallyu (Korean Wave) content.”

The agreement marks AEG’s entrance into the burgeoning South Korean live entertainment market and further expands its footprint in Asia, where existing and future venues include Dubai’s Coca-Cola Arena, Thailand’s Bangkok Arena and EM Live, and the Mercedes-Benz Arena in Shanghai, China.

Commenting on the partnership, CJ LiveCity Chief Executive Michael Kim stated “this collaboration combines CJ’s long-standing cultural business capabilities with AEG’s venue development and operations expertise and its global live touring and promotions capacities.

“Seoul Metropolitan Arena, which will be designed by a leading architectural firm, is expected to be a competitive venue not only across Asia, but also globally, due to performances of K-pop as well as world-renowned artists.

“Securing qualified content based on building a world-class facility is a key success factor for the arena in CJ LiveCity. In this context, the collaboration with AEG, which is one of the world’s leading venue operators and global live music companies, will be one of the most important factors for the arena’s success.”

In addition to its entertainment activities – which include record labels, concert production/promotion and music publishing, as well as television production and the CGV cinema chain – CJ Group is active in food and food service, pharmaceuticals, biotechnology, home shopping and business logistics.

AEG Asia President and Chief Executive, Adam Wilkes added “we believe that the combination of CJ LiveCity and the new Seoul Metropolitan Arena will revolutionise Korea and the region’s entertainment landscape.

“Both AEG and CJ share a vision of Korea as a world-leading entertainment destination and we are thrilled to work with such an innovative leader. CJ has an in-depth understanding of the Korean and Asian markets and unparallelled experience in entertainment.

“We believe that Seoul Metropolitan Arena will become a must-play destination for world tours and look forward to breaking new ground together.”

Image: Artist's impression of the new Seoul Metropolitan Arena.

Related Articles

10th June 2019 - First performance staged at Dubai’s Coca-Cola Arena

8th February 2019 - AEG Facilities and SMG announce merger to create global venue management giant

22nd January 2019 - South Korea’s first dedicated K-pop arena to be developed in Seoul

12th October 2018 - Live Nation enters partnership to develop integrated resort in South Korea

28th September 2018 - AEG to expand in South East Asia with development of two multi-purpose venues in Bangkok

16th July 2018 - Pollstar Mid-Year Charts show soaring ticket prices as Ed Sheeran’s tour breaks records

5th July 2016 - Concert Hall to replace Seoul Olympic Arena

8th May 2016 - Plans revealed for new $2 billion ‘Brisbane Live’ entertainment arena Precinct


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

HIDROPLAY

Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation

 
 

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 

COMMERCIAL AQUATICS AUSTRALIA

Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks

 
 

INTELLIGENZ

Recreation Management Software for managing all your program registrations, facility bookings, membership pass sales and Point of Sale; including detailed reporting, automated customer communication…

read more

Access / Billing / Finance / Marketing / Technology

 
 

AUSTRALIAN WATERSLIDES AND LEISURE

A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…

read more

Aquatics / Attractions / Play / Waterparks

 
 

RHINOPLAY

Rhinoplay offers playground equipment in Australia that is safe, durable, and most importantly fun! We specialise in creating unique indoor playgrounds for play centres and outdoor playgrounds for…

read more

Parks / Play / Surfaces

 
 

Ecoline

Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…

read more

Attractions / Environment / Safety / Tourism

 
 

SYNERGY FITNESS

The Calgym/Synergy group has had a long and proud history since 1976 as world leaders in the innovation, design and evolution of commercial strength and conditioning equipment. The Synergy group was…

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business